In the midst of an era where digital monopolizes not only communication but value, the booming bubble of Non-Fungible Tokens (NFTs) has finally met its bursting point, a scenario as obvious as it was inevitable. A recent study featured in an article by Neirin Gray Desai from DailyMail highlights a stark reality: 95% of the NFT market is now categorized as ‘worthless’. The wave that swept celebrities like Justin Bieber into a $1.3 million expenditure for a ‘Bored Ape’ NFT has retreated, leaving the artwork’s value deflated by 97% to a mere $37,000.
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